1-2. A corporation purchases 120,000 shares of its own $25 par common stock for $1,250,000, recording it at cost. Will the purchase increase, decrease, or have no effect on the following? 1)Expenses 2) Total assets

3-5. The Stock in 1-2 is resold for $1,500,000. Will the sale increase,decrease or have no effect on the following?

3) revenue

4)Total stockholder's equity

5)Total assets

8 & 9 : A corporation's outstanding stock is composed of 20,000 shares of $5 preferred and 100,000 shares of common, $25 par. At the end of its first year of operations, a total of $100,000 in dividends is to be distributed. Determine the total amaount of the dividends to be paid on the preferred stock and common stock.

8) preferred

9) common

13) A corporation with 50,000 shares of common stock is issued, of which 5,000 shares are held as treasury stock, declared a cash dividend of $4 a share. The total amount of the dividend is?